Wheels Up Experience Inc. (UP) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | -99.63M | -16.66M | -37.12M | -62.88M | -47.92M | 37.93M | -15.03M | -26.52M | -73.79M | -3.79M | -249.82M | -209.19M | -202.48M | 57.65M | -148.17M | -18.96M | -121.22M | 276.1M | -149.91M | -34.19M |
| Operating CF Margin % | -58.98% | -9.06% | -20.01% | -33.16% | -26.99% | 18.52% | -7.75% | -13.51% | -37.44% | -1.54% | -78.05% | -62.43% | -57.55% | 14.12% | -35.25% | -4.46% | -37.22% | 80.02% | -49.64% | -11.97% |
| Operating CF Growth % | -107.89% | -143.94% | -146.97% | -137.13% | 35.06% | 1100.42% | 93.98% | 87.32% | 63.56% | -106.58% | -68.61% | -1003.37% | -67.04% | -79.12% | 1.16% | 44.55% | -43.08% | 32.09% | -1115.36% | - |
| Net Income | -82.96M | -28.88M | -83.73M | -82.3M | -99.31M | -87.54M | -57.73M | -96.97M | -97.39M | -81.11M | -144.81M | -160.59M | -100.87M | -238.91M | -86.84M | -92.76M | -89.04M | -75.97M | -58.48M | -28.95M |
| Depreciation & Amortization | 11.71M | 13.54M | 13.93M | 13.49M | 20.21M | 13.07M | 12.48M | 15.59M | 15.39M | 13.51M | 15.46M | 15.12M | 14.45M | 19.07M | 16.5M | 16.13M | 14.23M | 13.25M | 13.64M | 13.48M |
| Stock-Based Compensation | 11.39M | 0 | 12.5M | 8.29M | 12.66M | 12.61M | 7.88M | 14.27M | 11.21M | 3.98M | 3.51M | 6.6M | 11.54M | 23.14M | 22.5M | 20.78M | 22.55M | 0 | 0 | 1.35M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -579K | 67.63M | 0 | 0 | 0 | 0 | 0 | -1.15M | 1.15M | 0 |
| Other Non-Cash Items | 25.25M | -14.61M | 15.45M | 10.91M | 28.64M | 45.51M | 38.15M | 14.13M | 7.64M | 12.98M | 52.55M | 1.87M | -222K | 141.28M | -4.51M | -2.21M | -5.99M | 16.38M | -8.66M | 507K |
| Working Capital Changes | -65.02M | 13.27M | 4.73M | -13.27M | -10.12M | 54.27M | -15.81M | 26.47M | -10.65M | 46.86M | -175.94M | -139.82M | -127.38M | 113.06M | -95.82M | 39.09M | -62.97M | 323.6M | -97.56M | -20.57M |
| Change in Receivables | -8.57M | 7.83M | -516K | 6.86M | -11.92M | 2.28M | 3.37M | 7.45M | -3.84M | 4.38M | -5.18M | 23.58M | 4.12M | 7.53M | -14.08M | -20.48M | 3.09M | -10.7M | 0 | -2.84M |
| Change in Inventory | 0 | -2.45M | 127K | 0 | 0 | 3.08M | -2.83M | 2.78M | 1.51M | 10.24M | 1.83M | 9.07M | -5.45M | -9.39M | -8.56M | -32.94M | -277K | -663.87K | 0 | -867K |
| Change in Payables | 2.55M | -10.45M | -3.65M | -2.93M | 7.76M | -4.79M | -7.33M | -3.85M | 13.09M | 7.09M | -24.34M | 9.98M | -812K | -6.82M | -12.23M | 1.75M | 7.6M | 1.3M | 0 | 479K |
| Cash from Investing | -38.66M | 137.55M | 23.47M | 3.8M | 16.11M | -72.74M | 1.97M | 4.38M | 19.6M | 4.25M | 37.53M | 10.12M | -11.04M | -3.52M | 9.37M | -61.55M | -119.55M | -29.95M | -8.34M | -5.59M |
| Capital Expenditures | -62.36M | -41.77M | -23.27M | -15.76M | -18.5M | -108.19M | 2.66M | -9.81M | -6.35M | -9.79M | -4.58M | -9.25M | -8.85M | -12.89M | -5.33M | -10.18M | -122.96M | -12.03M | -16.1M | -2.51M |
| CapEx % of Revenue | 36.92% | 22.72% | 12.55% | 8.31% | 10.42% | 52.82% | 1.37% | 5% | 3.22% | 3.97% | 1.43% | 2.76% | 2.51% | 3.16% | 1.27% | 2.39% | 37.76% | 3.49% | 5.33% | 0.88% |
| Acquisitions | 0 | 187.35M | 20.69M | 0 | 0 | 1.09M | -43.55M | 14.16M | 3.4M | 0 | 13.18M | 22K | 0 | 8.97M | 14.8M | -63.56M | -11.53M | 13.44M | 7.76M | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 23.7M | -8.04M | 26.06M | 19.56M | 34.62M | 34.36M | 42.86M | 28.34K | 22.55M | 14.04M | 28.93M | 19.36M | -2.19M | 401.99K | -97.4K | 12.19M | 14.94M | -31.36M | 0 | -3.08M |
| Cash from Financing | 63.42M | -110.92M | 28.94M | -8.87M | -8.69M | 131.62M | -11.56M | -17.08M | -24.31M | 17.78M | 301.85M | -11.93M | -6.75M | 252.13M | -658K | -582K | -6.11M | 812.79K | 369.31M | -17.79M |
| Debt Issued (Net) | 63.63M | -109.71M | -17.74M | -9.1M | -8.57M | 133.22M | -11.48M | -17.02M | -23.98M | 19.87M | 300.2M | -11.93M | -6.75M | 259.2M | 0 | 0 | 0 | -153.95K | -211.98M | -16.8M |
| Equity Issued (Net) | -201K | -1.21M | 47.66M | -89.55K | -109K | 1K | -82K | -66K | -338K | -28K | 2.99K | -3K | 0 | -340K | -658K | -582K | -6.11M | 768.11K | 1.32M | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -201K | -533.73K | -895K | -89.55K | -109K | 1K | -82K | -66K | -338K | -28K | 2.99K | -3K | 0 | -340K | -658K | -582K | -6.11M | 0 | 0 | 0 |
| Other Financing | 0 | 0 | -982.9K | 320.06K | -2K | -1.59M | 0 | 0 | 0 | -2.06M | 1.65M | 0 | 0 | -6.73M | 0 | 0 | 0 | 198.64K | 579.97M | -983K |
| Net Change in Cash | -75.77M | 8.6M | 14.54M | -65.82M | -39.41M | 97.63M | -24.73M | -39.36M | -79.53M | 18.66M | 85.81M | -211.45M | -220.35M | 308.24M | -142.5M | -85.43M | -246.88M | 249.32M | 535.22M | -57.57M |
| Free Cash Flow | -161.99M | -58.43M | -63.65M | -78.64M | -69.77M | -73.83M | -23.74M | -36.33M | -83.69M | -14.03M | -254.4M | -218.44M | -219.31M | 44.76M | -153.49M | -29.13M | -244.18M | 264.07M | -166.01M | -39.78M |
| FCF Margin % | -95.9% | -31.78% | -34.31% | -41.47% | -39.3% | -36.05% | -12.24% | -18.51% | -42.46% | -5.7% | -79.48% | -65.19% | -62.34% | 10.96% | -36.51% | -6.85% | -74.99% | 76.53% | -54.97% | -13.93% |
| FCF Growth % | -132.19% | 20.86% | -168.09% | -116.46% | 16.63% | -426.18% | 90.67% | 83.37% | 61.84% | -131.35% | -65.74% | -649.78% | 10.18% | -83.05% | 7.54% | 26.76% | -172.39% | 29.93% | -1371.15% | - |
| FCF per Share | -4.48 | -1.62 | -1.82 | -2.25 | -2.00 | -2.12 | -0.68 | -1.04 | -2.40 | -0.49 | -123.31 | -170.86 | -173.13 | 36.12 | -125.63 | -23.87 | -199.65 | 215.24 | -141.08 | -47.07 |
| FCF Conversion (FCF/Net Income) | 1.20x | 0.58x | 0.44x | 0.76x | 0.48x | -0.43x | 0.26x | 0.27x | 0.76x | 0.05x | 1.73x | 1.30x | 2.01x | -0.20x | 1.00x | 0.20x | 1.37x | -3.98x | 2.56x | 1.31x |
| Interest Paid | 0 | 0 | 4.72M | 0 | 5.41M | 5.33M | 0 | 0 | 6.79M | 7.48M | 0 | 0 | 8.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |